The native token of the Ethereum blockchain, ETH, has reached its highest price of the year, at one point surpassing $4,500 on Tuesday. This surge marks a 4.85% increase for the day and a 40% gain since the start of the year. While ETH’s all-time high of $4,878.26 was set in November 2021, its recent … Read more
US spot Ethereum ETFs are gaining significant momentum, hitting a new milestone with a combined net inflow of $1.019 billion on August 11. This marks the largest single-day inflow since their launch, with BlackRock’s iShares Ethereum Trust (ETHA) leading the pack. This surge surpasses the $178 million that spot Bitcoin ETFs took in on the … Read more
21Shares, a leading issuer of crypto exchange-traded products (ETPs), has announced that its XRP and Solana ETFs have collectively surpassed $1 billion in assets under management (AUM) in Europe this year. The physically-backed products are listed on major European exchanges, including Nasdaq Stockholm, Euronext Amsterdam, and the SIX Swiss Exchange. This milestone demonstrates significant investor … Read more
The crypto exchange-traded fund (ETF) market is experiencing a new wave of growth, with futures-based Solana (SOL) and XRP ETFs attracting significant investor capital. According to FactSet data, these funds have collectively seen over $1 billion in inflows since their launch earlier this year. The strong performance of these products indicates a sustained and growing … Read more
Trump Media & Technology Group has filed an amended S-1 registration statement with the SEC for a Bitcoin ETF. The company, in partnership with sponsor Yorkville America Digital, LLC, plans to list the ETF on NYSE Arca upon receiving final regulatory approval. While the filing is a significant step, the launch is not yet certain. … Read more
The ZORA token (ZORA) has seen a dramatic increase in value, jumping nearly 50% in the last 24 hours and over 118% in the past week. This surge has pushed its market capitalization to $450 million. While there’s no single piece of news driving the rally, the sharp price movement suggests a large investor may … Read more
The Singapore Exchange (SGX) is reportedly planning to launch perpetual futures contracts for cryptocurrencies, including Bitcoin, to cater to the growing demand from institutional clients. This move, which requires approval from the Monetary Authority of Singapore (MAS), is a strategic step that aligns with Singapore’s regulatory approach of restricting complex financial products to professional investors. … Read more
South Korea is set to revitalize its cryptocurrency market by moving away from its previously cautious approach. The nation’s top regulator, the Financial Services Commission (FSC), has submitted a new proposal that outlines a detailed roadmap for integrating spot crypto ETFs and a native stablecoin into the country’s financial system. This move fulfills a key … Read more
Following the resolution of the Securities and Exchange Commission (SEC) case against Ripple, XRP is showing signs of a potential major price rally. On-chain data indicates that XRP’s Market Value to Realized Value (MVRV) ratio has formed a “golden cross,” a rare technical pattern where the short-term MVRV ratio surpasses its long-term 200-day moving average. … Read more
Since the beginning of July, Ethereum (ETH) spot ETFs have seen a sustained period of positive net flows, indicating growing institutional demand. The article notes that there have been only three days of negative net flows in this period, with two of those days occurring in August and totaling $617.4 million in sales. This consistent … Read more